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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP again,

I went to a Harvard-type school and I can't imagine saving 150K for college. At 160K per year I had 10-20K in financial aid which would be much more today (after a congressional investigation). Anyway, I earned & applied for scholarships to help pay for college and all it did was replace the "need" award.

I know that 529 says it doesn't impact FAFSA (up to 5%) but the fine print is that each university gets to decide how to facto it in and the elite universities are tough to predict. I don't want to invest in the state tuition plan because no one in our family has attended state universities so it's likely my child will end up at a private school as well.[/quote]

Our HHI is $180k and we have saved $250k for our two kids, ages 16 and 14, mostly in 529s.  It can be done.

We max out retirement savings.[/quote]

How did you do this? Seriously can you tell me your monthly budget breakdown? We have a similar HHI (about 20K less but we're younger) and have three young kids, all still in daycare. We save a lot for retirement -- not quite maxing out but close -- but haven't saved a penny for college yet. Our plan was to throw most of the daycare money into college savings when daycare expenses end, but many people on this board and elsewhere say that between aftercare, summer camps, and other expenses things just don't get much cheaper, which is a scary thought.

How did you manage to save so much? Please inspire me![/quote]

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